percentage help!?

working on a finance problem..

2004 2005 % change

$2850 $3000 5.3

how is that a 5.3% change? how did we get a 5.3 out of that?

Top 2 Answers

A few days ago

brixen_ivy

Favorite Answer

The change is an increase of $150.

$150

———- = .0526 or approx. 5.3%

$2850

Hope this helps.

A few days ago

Mike G

if you set it up like an algebra problem you would get:

2850X = 3000

if you divide 3000 by 2850, you get 1.05263….

that means that 2005’s total is 2850 + (2850 * .05263) or just .053 to round it off. Turned into a percentage, .053 is 5.3%.

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